16 Ways to Cut Costs & Save
By Cwarticki-Oracle on Jan 28, 2009
As I mentioned in my previous post, 2/3 of the Oracle maintenance investment is in the product. Leveraging the functions and features of the product will create efficiencies. Efficiencies drive savings. Savings equals greater ROI. Greater ROI increases profitability. Enough said.
Oracle did a great job on compiling this. Our customers did a great job using these features and services. They serve as examples for the rest to follow.
I’ve read all the industry reports out there. Everyone has a top-10 list out there on how to save money. (Can we just leave those to Letterman?) I digress. Reductions in support fees don’t even crack the top five. That’s like canceling your insurance policies on your home and car. Ironically, what IS in the top five, is leveraging, using and implementing what has already been purchased.
Oracle knows that customers use less than 10% of the included product features and functions.
Investments in products have been made. That investment has become unrealized and untapped, not unworthy.